Bulk Buying
Definition
Bulk buying refers to purchasing large quantities of products to save money and reduce the need for frequent trips to the store. It's a common strategy for households looking to stick to a budget, especially when meal prepping.
Scientific / Technical Definition
Bulk buying is an economic practice that leverages economies of scale to reduce the per-unit cost of goods. This is achieved by purchasing large quantities, which can be especially beneficial for non-perishable foods or items with long shelf lives.
Benefits
- Cost savings due to lower per-unit prices.
- Reduced number of shopping trips, saving time and travel expenses.
- Decreased likelihood of running out of meal prep staples.
- Less packaging waste generated compared to buying smaller quantities.
Examples
- Buying a large bag of rice instead of multiple small bags.
- Purchasing a bulk package of chicken breasts for freezing.
- Stocking up on canned goods during a sale.
Additional Information
- Known issues: Purchasing in bulk can lead to waste if the food spoils before being used. It also requires sufficient storage space.
Last updated: 10/19/2024